Port Saint Lucie, FL - #9 on Fastest Losing Value
November 19th, 2008 • Related • Filed Under
(post by Dee) Saw an article on Yahoo’s home page yesterday about US cities where real estate values of homes are tanking the fastest, in terms of equity homeowners may have in their properties. Not suprisingly, Port Saint Lucie, FL came in the top 10! Recall our post about BT’s house in Port St Lucie, that is falling in value and draining him? Well, now we know he’s not the only one suffering there. He recently told me that the 3BR house he purchased for $230,000 is now worth $130,000! Maybe his lender will soon do what Citibank has offered to do…. to restructure loans in risk of default.